Insider Selling: Getty Images Holdings, Inc. (NYSE:GETY) Director Sells 22,090 Shares of Stock

Getty Images Holdings, Inc. (NYSE:GETY) Director Chinh Chu sold 22,090 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $4.02, for a total value of $88,801.80. Following the sale, the director now directly owns 9,773,073 shares of the company’s stock, valued at approximately $39,287,753.46. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Chinh Chu also recently made the following trade(s):

• On Wednesday, October 30th, Chinh Chu sold 48,400 shares of Getty Images stock. The shares were sold at an average price of $4.05, for a total transaction of $196,020.00.
• On Friday, October 18th, Chinh Chu sold 8,243 shares of Getty Images stock. The stock was sold at an average price of $4.01, for a total transaction of $33,054.43.
• On Wednesday, October 16th, Chinh Chu sold 17,122 shares of Getty Images stock. The shares were sold at an average price of $4.01, for a total transaction of $68,659.22.

Getty Images Price Performance

GETY stock opened at $4.16 on Friday. The firm has a 50-day moving average of $3.73 and a 200 day moving average of $3.63. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market cap of $1.71 billion, a P/E ratio of 51.94 and a beta of 2.05. Getty Images Holdings, Inc. has a 1 year low of $2.88 and a 1 year high of $5.77.

Getty Images (NYSE:GETY) last released its earnings results on Friday, August 9th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The firm had revenue of $229.14 million during the quarter, compared to analysts’ expectations of $228.42 million. Getty Images had a net margin of 4.19% and a return on equity of 9.36%. The business’s revenue was up 1.5% on a year-over-year basis. On average, sell-side analysts forecast that Getty Images Holdings, Inc. will post 0.11 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Benchmark restated a “buy” rating and set a $6.00 price target on shares of Getty Images in a report on Tuesday, August 13th. Macquarie reduced their target price on Getty Images from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Finally, Citigroup decreased their target price on Getty Images from $6.00 to $5.00 and set a “buy” rating for the company in a report on Tuesday, August 13th.

Institutional Trading of Getty Images

A number of hedge funds have recently modified their holdings of GETY. Bank of New York Mellon Corp bought a new position in shares of Getty Images in the 2nd quarter worth about $910,000. Ninety One UK Ltd bought a new position in shares of Getty Images during the second quarter valued at approximately $583,000. Rhumbline Advisers bought a new position in shares of Getty Images during the second quarter valued at approximately $392,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Getty Images by 136.7% during the second quarter. The Manufacturers Life Insurance Company now owns 68,268 shares of the company’s stock valued at $223,000 after purchasing an additional 39,423 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Getty Images by 18.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 47,447 shares of the company’s stock worth $155,000 after purchasing an additional 7,267 shares in the last quarter. Institutional investors own 45.75% of the company’s stock.

Getty Images Company Profile

Getty Images Holdings, Inc offers creative and editorial visual content solutions in the Americas, Europe, the Middle East, Africa, and Asia-Pacific. Its products include Getty Images that offers creative and editorial content including stills, music and video which focuses on corporate, agency, and media customers; iStock.com, an e-commerce offering where customers have access to creative stills and video; Unsplash.com, a platform offering free stock photo downloads and paid subscriptions targeted to the high-growth prosumer and semi-professional creator segments; and Unsplash+ that provides access to unique model released content with expanded legal protections.